Is Wellesley, Massachusetts a Good Place To Live? - Living In Wellesley, MA

Is Wellesley, Massachusetts a good place to live?
Wellesley is a city in Massachusetts state in USA with a population of 28747 residents.. The poverty rate of Wellesley is 4.2%, which is 70% lower than national average. The typical household in Wellesley earns $213684 a year, compared to the national median of $67,500. Nearly 12.3% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Wellesley, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Wellesley remained 4.7%, which is 0% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Wellesley, only 83% of adults have a bachelor's degree and 9% have some college but no degree.

Cost of living in Wellesley is 216, which is 116% higher than national average. Median home value in Wellesley is $1212100 , which is 427% higher than national average. While median income in Wellesley remained $213684, which is 217% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
28747
Unemployment
4.7%
0% NAT AVG.
Poverty
4.2%
70% NAT AVG.
Overall Score
7.5
Median Home Cost
$1212100
427% NAT AVG.
Median Income
$213684
217% NAT AVG.
Median Rent
$2177
88% NAT AVG.
Cost Of Living
216
116% NAT AVG.
People Living BPL
1 in 24
Unemployed People
1 in 21
People Earning < $10,000
1 in 33
People Earning < $50,000
12.3%
People with <= High School
1 in 12.5
People With Any Degree
1 in 1.2
Pros & Cons Overview

Jobs85%

Housing100%

Affordability80%

Safety90%

Amenities90%

Diversity80%

Education95%

Commute50%